RMGN Trade on Mar 9, 2015 14:23 from jmos_BOWS: Tradervue User Stock Trades.

PLAY: Day long consolidation

Stock opened strong, broke out of range, then consolidated all day without flushing so in my mind, it had one more run in it as every dip was getting bought. When it started to go with volume, I got in but it stalled. I respected my stop loss while it was just grinding but because I took some heat, when it broke above, I didn't trade the plan but the emotions. I was happy to be in the green so I expected it to keep going but it stalled a bit and decided to not let it become a loser so put stop at buy price. Horrible execution and not the proper way to trade. It is not because I took some heat that means I need to forget the plan. Had I bought it on that spike, I would have waited for the target on my break out and took the loss if it was a failed break out but I didn't trade it that way. I should have respected my stop loss that I had brought up in case it was a failed break out but not sell flat. Left tons of money on the table, good lesson.

Reasons to sell:emotional, happy to be flat